KLP Kapitalforvaltning AS purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,700 shares of the semiconductor company's stock, valued at approximately $548,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. raised its stake in shares of Kulicke and Soffa Industries by 9.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,551 shares of the semiconductor company's stock valued at $476,000 after acquiring an additional 900 shares during the period. FMR LLC increased its holdings in Kulicke and Soffa Industries by 308.6% in the 3rd quarter. FMR LLC now owns 13,369 shares of the semiconductor company's stock valued at $603,000 after purchasing an additional 10,097 shares in the last quarter. BNP Paribas Financial Markets raised its position in Kulicke and Soffa Industries by 36.6% in the third quarter. BNP Paribas Financial Markets now owns 39,005 shares of the semiconductor company's stock valued at $1,760,000 after purchasing an additional 10,450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kulicke and Soffa Industries by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company's stock worth $891,000 after purchasing an additional 250 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Kulicke and Soffa Industries by 4.2% in the third quarter. Verition Fund Management LLC now owns 36,259 shares of the semiconductor company's stock worth $1,636,000 after buying an additional 1,462 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently commented on KLIC shares. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.
Get Our Latest Stock Report on KLIC
Kulicke and Soffa Industries Stock Performance
Shares of NASDAQ:KLIC traded down $0.43 during trading on Friday, hitting $29.12. The company's stock had a trading volume of 1,290,775 shares, compared to its average volume of 526,065. The company has a market capitalization of $1.55 billion, a PE ratio of 242.67 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.64 and a fifty-two week high of $53.71. The stock's 50-day moving average price is $38.89 and its two-hundred day moving average price is $43.79.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is currently 683.33%.
Kulicke and Soffa Industries Company Profile
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Free Report)
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.
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